Anthropic announced $6.5 billion in private funding that values the company at $965 billion and positions it among the world’s most valuable startups. The company reported annualized revenue of $47 billion from selling Claude technology for coding and other professional and personal tasks. Anthropic was founded in 2021 by former OpenAI leaders, and both Anthropic and OpenAI are expected to become publicly traded, alongside SpaceX. All three companies are still losing more money than they make, raising concerns about an AI bubble. The funding round was led by Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital. Anthropic also launched Claude Opus 4.8, claiming improved performance for coding and professional work.
"Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups as it careens toward a likely Wall Street debut."
"Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue."
"Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are all expected to become publicly traded. All three are also still losing more money than they make, fueling concerns of an AI bubble."
"Anthropic also on Thursday launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models. Anthropic's meteoric rise and Claude's growing popularity have left OpenAI playing catch-up despite its early lead in making ChatGPT a household name that sparked a commercial AI boom."
Read at ABC7 San Francisco
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